All 13 Vancouver house flips ended up with the flipper losing money in the first quarter of 2019, with many selling for double digit percentage losses.
In comparison, only 3 out of the 15 flips in the first quarter of 2018 were loss making.
Other municipalities in Metro Vancouver didn’t fare much better either.
OpenHousing defines a flip as a home bought and sold within three years.
Vancouver
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 7095 QUEBEC STREET | 1942 | $1,500,000 | 08-Jan-19 | $1,545,000 | 18-Nov-16 | -2.91 |
| 4213 W 14TH AVENUE | 1912 | $1,980,000 | 10-Jan-19 | $2,880,000 | 29-Feb-16 | -31.25 |
| 4855 COLLINGWOOD STREET | 1928 | $1,988,000 | 14-Jan-19 | $2,600,000 | 23-Apr-17 | -23.54 |
| 3008 SW MARINE DRIVE | 1930 | $2,628,000 | 14-Jan-19 | $2,928,000 | 18-Mar-17 | -10.25 |
| 3936 W 32ND AVENUE | 2012 | $2,800,000 | 02-Feb-19 | $3,558,888 | 02-Apr-16 | -21.32 |
| 3656 BLENHEIM STREET | 1928 | $1,750,000 | 08-Feb-19 | $2,380,000 | 16-May-16 | -26.47 |
| 904 E 37TH AVENUE | 1913 | $1,075,390 | 20-Feb-19 | $1,200,000 | 08-Aug-17 | -10.38 |
| 3293 POINT GREY ROAD | 1965 | $8,500,000 | 25-Feb-19 | $9,350,000 | 12-Oct-17 | -9.09 |
| 5088 BLENHEIM STREET | 1966 | $2,600,000 | 03-Mar-19 | $3,450,000 | 09-Feb-16 | -24.64 |
| 1527 W KING EDWARD AVENUE | 1969 | $3,250,000 | 05-Mar-19 | $3,590,000 | 09-Jan-16 | -9.47 |
| 4448 CHALDECOTT STREET | 2012 | $4,120,000 | 20-Mar-19 | $6,060,000 | 16-Apr-18 | -32.01 |
| 2215 STEPHENS STREET | 1914 | $2,998,000 | 21-Mar-19 | $3,060,000 | 18-Apr-16 | -2.03 |
| 6062 FREMLIN STREET | 1964 | $3,158,000 | 31-Mar-19 | $3,420,000 | 09-Aug-16 | -7.66 |
Flip flops: 13 out of 13
Richmond
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 9391 LASKO STREET | 1986 | $1,568,000 | 01-Jan-19 | $1,566,000 | 20-Dec-18 | 0.13 |
| 10040 SEVERN DRIVE | 1973 | $1,223,000 | 22-Jan-19 | $1,390,000 | 11-Apr-17 | -12.01 |
| 8760 ROSEMARY AVENUE | 2016 | $1,900,000 | 06-Feb-19 | $1,935,000 | 14-Apr-17 | -1.81 |
| 9735 KILBY DRIVE | 1989 | $1,465,000 | 10-Feb-19 | $1,550,000 | 25-Mar-17 | -5.48 |
| 6231 BLUNDELL ROAD | 1957 | $1,725,000 | 17-Feb-19 | $1,830,000 | 24-Mar-16 | -5.74 |
Flip flops: 4 out of 5
Burnaby
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4991 EMPIRE DRIVE | 1945 | $1,270,000 | 07-Jan-19 | $1,499,000 | 16-Feb-16 | -15.28 |
| 4855 SMITH AVENUE | 1911 | $1,528,888 | 09-Jan-19 | $1,800,000 | 14-Feb-17 | -15.06 |
| 4868 SMITH AVENUE | 1949 | $1,200,400 | 13-Feb-19 | $1,313,000 | 07-Mar-17 | -8.58 |
Flip flops: 3 out of 3
West Vancouver
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 1591 CHARTWELL DRIVE | 1980 | $6,780,000 | 01-Mar-19 | $4,950,000 | 16-Feb-16 | 36.97 |
| 1305 KINGS AVENUE | 1967 | $2,185,000 | 21-Mar-19 | $3,300,000 | 12-Jun-16 | -33.79 |
Flip flops: 1 out of 2
New Westminster
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|
North Vancouver
| Address | Year Built | Sold Price | Sold Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 600 QUEENSBURY AVENUE | 1908 | $1,658,000 | 09-Jan-19 | $1,960,000 | 26-Jul-16 | -15.41 |
| 1970 MACKAY AVENUE | 1997 | $1,677,500 | 30-Jan-19 | $1,815,000 | 07-Mar-16 | -7.58 |
| 4245 ST. GEORGES AVENUE | 2001 | $2,660,000 | 19-Feb-19 | $2,965,000 | 10-Jul-18 | -10.29 |
| 1515 KILMER PLACE | 1971 | $1,765,000 | 23-Feb-19 | $1,375,000 | 15-Dec-16 | 28.36 |
| 1184 KILMER ROAD | 1965 | $1,853,888 | 08-Mar-19 | $1,675,000 | 05-Mar-17 | 10.68 |
| 4456 RANGER AVENUE | 2017 | $2,800,000 | 11-Mar-19 | $3,400,000 | 24-Jan-18 | -17.65 |
| 1005 BELMONT AVENUE | 2017 | $2,604,200 | 11-Mar-19 | $3,000,000 | 13-Jul-17 | -13.19 |
| 231 E 27TH STREET | 2017 | $2,133,333 | 16-Mar-19 | $1,318,000 | 02-May-16 | 61.86 |
| 1593 WESTOVER ROAD | 1948 | $1,185,000 | 24-Mar-19 | $1,125,000 | 18-Jan-16 | 5.33 |
Flip flops: 5 out of 9